thanks for watching. more bad news for republicans this week. their history of obstruction is coming back to haunt them. president obama made it clear friday he will insist on getting rid of the bush tax cuts for the wealthy in a new economic plan. congressional republicans are playing tough in public instead of tax increases on the rich they are pushing nonspecific tax reform. >> it's clear that there are a lot of special interest loopholes. >> we can increase revenue without increasing the tax rates on anybody in this country. we can lower the rates, broaden the base. >> eliminate all these tax credits and tax deductions. you can generate $1 trillion in revenue. you can lower tax rates by doing this. >> eric cantor put the talking points together in a letter to republicans. what would be best is a fundamental reform of the tax code that lowers rates, broadens the base, meeks america's businesses competitive again. let's see here now. lowering rates, broadening the base, ending loopholes and eliminating